The ledger of Falcone Company includes the following account balances on 2009 September 30:

Appropriation for contingencies	$210,000
Appropriation for plant expansion	392,000
Retained earnings, unappropriated	700,000

During October 2009, the company took action to:

-Increase the appropriation for contingencies by USD 60,000.

-Decrease the appropriation for plant expansion by USD 160,000.

-Establish an appropriation per loan agreement, with an annual increase of USD 48,000.

-Declare a cash dividend of USD 140,000.

Prepare the journal entries to record these transactions of Falcone Company.